Actavis Readies Big Bond Deal

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Mike Cherney Pharmaceutical company Actavis PLC is expected to sell more than $20 billion in bonds as early as this week, a deal that would rank as the second-largest corporate bond ever and further propel bond sales this year ...

Tencent-Backed 58.com Acquires Chinese Real Estate Listing Site

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Juro Osawa 58.com Inc., the Chinese equivalent of Craigslist Inc. backed by Internet giant Tencent Holdings Ltd., said Monday it had acquired an online real estate listing site for about $267 million, the latest deal in China's fast-growing market ...

Dollar Surges After China's Surprise Rate Cut

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Josie Cox The U.S. dollar surged in Europe Monday close to an 11-year high against a number of major currencies, boosted by Beijing's decision over the weekend to cut interest rates for the second time in less than four ...

Spain's Albertis Buys Majority Stake in Wind Telecomunicazioni's Tower Unit

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Ana García and Olga Razumovskaya MADRID--Spain's Abertis Infraestructuras SA said Monday it has agreed to buy 90% of the telecommunication tower business of Italy's Wind Telecomunicazioni SpA for EUR693 million ($774 million). Abertis, a Barcelona-based company with interests in ...

China's Manufacturing Gauge Rises in February

TODAY: March 2, 2015 PUB DATE: March 2, 2015

BEIJING--A gauge of China's factory activity improved in February, reflecting stronger output and domestic demand but the outlook for exports remained dim. The HSBC China Manufacturing Purchasing Managers" Index rose to a final reading of 50.7 in February from 49.7 ...

Cardinal Health to Buy J&J's Heart Business

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Chelsey Dulaney Cardinal Health Inc. agreed to acquire the heart-product business from Johnson & Johnson for $1.94 billion in cash, in a move aimed at strengthening its cardiology efforts. When including tax benefits, Cardinal's purchase price for Cordis drops ...

Swiss Manufacturing Output Drops in February on Strong Franc

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Neil MacLucas ZURICH--Switzerland's manufacturing output fell for a second month in February as the Swiss National Bank's shock repeal of the franc-euro cap weighed on foreign orders for the country's industrial goods. The Swiss Purchasing Managers' Index slipped to ...

SembCorp Industries Begins Power Production At India Plant

TODAY: March 2, 2015 PUB DATE: March 2, 2015

SembCorp Industries Ltd. (U96.SG) Monday said that its first power project in India has started commercial operations. Thermal Powertech Corp. of India - has begun selling power from its first 660-megawatt plant, the company said in a filing to the ...

Unilever Buys REN Skincare for Undisclosed Sum

TODAY: March 2, 2015 PUB DATE: March 2, 2015

LONDON--Unilever PLC (ULVR.LN) said Monday it is buying REN Skincare for an undisclosed sum. The food, home and personal care products firm, which houses Persil, Dove, Hellmann's and Wall's ice cream among its portfolio, said it expects to close the ...

U.S. Consumer Spending Falls in January

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Kate Davidson U.S. consumer spending fell in January for the second straight month due in part to the drop in gasoline prices, though inflation-adjusted outlays climbed. Personal spending, which measures outlays for everything from washing machines to manicures, fell ...

Gannett Settles With Icahn Over Corporate Governance -- Update

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Chelsey Dulaney Gannett Co. has agreed to implement certain corporate-governance policies at the upcoming spinoff of its publishing division, settling a dispute with activist investor Carl Icahn. In January, Icahn began pushing for two seats on Gannett's board and ...

Canada's Fourth Quarter Current Account Gap Highest in a Year

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Nirmala Menon OTTAWA--Canada's fourth quarter current account deficit widened more than expected to the largest in a year as exports were side-swiped by slumping oil prices. The current account shortfall swelled to 13.92 billion Canadian dollars ($11.13 billion) from ...

Belgium's Economy Expanded 0.2% in 4Q vs 3Q; Up 1.0% on Year

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Viktoria Dendrinou BRUSSELS--Belgium's economy eked out its seventh straight quarter of growth in the final three months of 2014, with the economy expanding 0.2% from the previous quarter, according to the central bank's revised estimate. The economy grew 1.0% ...

MARKET SNAPSHOT: U.S. Stocks Rise; Nasdaq Hits 5,000

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Anora Mahmudova and Sara Sjolin, MarketWatch Consumer spending falls in January NEW YORK (MarketWatch) -- U.S. stocks moved higher on Monday, sending the Nasdaq Composite to the 5,000 level while the Dow Jones Industrial Average trades above its previous ...

Spanish Official Says Greece Seeking Third Bailout

TODAY: March 2, 2015 PUB DATE: March 2, 2015

MADRID--European Union and Greek officials are currently negotiating a third bailout for Greece, which would amount to between EUR30 billion ($34 billion) and EUR50 billion on similar conditions to the previous two rescue packages, Spain's Finance Minister Luis de Guindos ...

CURRENCIES: Surprise China Rate Cut Pushes Dollar Higher

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Joseph Adinolfi, MarketWatch LONDON (MarketWatch) -- The dollar shrugged off a slate of weak economic data Monday to trade higher against the euro, yen and pound, benefiting from a surprise rate cut from the People's Bank of China. The ...

Nasdaq Hits 5000 for First Time Since Dot-Com Era

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Dan Strumpf The Nasdaq Composite climbed above the 5000-point level for the first time in almost 15 years on Monday, another milestone in the revival of an index that once was synonymous with dot-com excess but now reflects a ...

Manufacturing Data Push Dollar Up Against Yen, Euro

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By James Ramage The dollar advanced against the yen and the euro on Monday after U.S. manufacturing data preserved market expectations for higher interest rates. The dollar rose above Yen120 for the first time in more than two weeks, rising ...

Russia Moves to Shore Up Budget

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Alexander Kolyandr MOSCOW--Faced with lower oil prices and a slowing economy, Russia needs to trim its budget, possibly even military spending, and raise its pension age, the country's Finance Minister Anton Siluanov said Monday. Speaking to reporters as he ...

CURRENCIES: Surprise China Rate Cut Pushes Dollar Higher

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The dollar shrugged off a slate of weak economic data Monday to trade higher against the euro, yen and pound, benefiting from a surprise rate cut from the People's Bank of China. ...